Resources

Resources Connection (RGP) is set to release results on Wednesday

Resources Connection (NASDAQ:RGP – Get Rating) will release its earnings data after market close on Wednesday, October 5. Analysts expect Resources Connection to post earnings of $0.36 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.

Resources Connection (NASDAQ:RGP – Get Rating) last released its quarterly results on Thursday, July 28. The company reported earnings per share of $0.60 for the quarter, beating analyst consensus estimates of $0.41 by $0.19. The company posted revenue of $217.03 million for the quarter, compared to $212.81 million expected by analysts. Resources Connection achieved a return on equity of 18.62% and a net margin of 8.34%. On average, analysts expect Resources Connection to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.

Resource Connection Trading down 0.2%

Shares of RGP opened at $17.63 on Wednesday. The company’s 50-day moving average price is $20.09 and its 200-day moving average price is $18.75. The stock has a market capitalization of $595.03 million, a P/E ratio of 8.82 and a beta of 0.81. Resources Connection has a 1-year low of $14.41 and a 1-year high of $23.18. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt ratio of 0.14.

Resources Connection Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21. Investors of record on Wednesday August 24 received a dividend of $0.14. The ex-dividend date was Tuesday, August 23. This represents a dividend of $0.56 on an annualized basis and a yield of 3.18%. Resources Connection’s dividend payout ratio is currently 28.00%.

Insider activity

Separately, director Donald B. Murray sold 1,526 shares of the company in a transaction on Monday, August 8. The shares were sold at an average price of $20.99, for a total transaction of $32,030.74. Following the transaction, the administrator now owns 818,060 shares of the company, valued at approximately $17,171,079.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. In related news, director Donald B. Murray sold 77,594 shares of Resources Connection in a trade on Friday August 5th. The shares were sold at an average price of $21.11, for a total value of $1,638,009.34. Following the transaction, the administrator now owns 313,124 shares of the company, valued at approximately $6,610,047.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Donald B. Murray sold 1,526 shares of Resources Connection in a trade on Monday, August 8. The stock was sold at an average price of $20.99, for a total transaction of $32,030.74. Following completion of the transaction, the administrator now owns 818,060 shares of the company, valued at approximately $17,171,079.40. The disclosure of this sale can be found here. 7.46% of the shares are held by insiders.

Institutional entries and exits

Several institutional investors and hedge funds have recently changed their positions in the stock. Legal & General Group Plc increased its position in Resources Connection shares by 1.1% during the second quarter. Legal & General Group Plc now owns 73,183 shares in the company valued at $1,491,000 after acquiring an additional 832 shares last quarter. Captrust Financial Advisors increased its position in Resources Connection shares by 293.1% during the second quarter. Captrust Financial Advisors now owns 10,453 shares of the company valued at $213,000 after acquiring an additional 7,794 shares in the last quarter. State Street Corp increased its position in Resources Connection shares by 1.6% during the second quarter. State Street Corp now owns 1,311,335 shares of the company valued at $26,712,000 after acquiring 20,426 additional shares last quarter. Sei Investments Co. increased its position in Resources Connection shares by 117.0% during the second quarter. Sei Investments Co. now owns 126,317 shares of the company valued at $2,576,000 after acquiring an additional 68,113 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Resources Connection shares by 12.5% ​​during the second quarter. UBS Asset Management Americas Inc. now owns 41,265 shares of the company valued at $841,000 after acquiring 4,598 additional shares last quarter. Institutional investors hold 84.12% of the company’s shares.

Wall Street analysts predict growth

Separately, Robert W. Baird raised his price target on Resources Connection from $21.00 to $25.00 in a Monday, August 1 research note.

Resource Login Company Profile

(Get a rating)

Resources Connection, Inc provides consulting services to corporate clients as Resources Global Professionals in North America, Europe and Asia-Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, IPO preparation and support, financial process optimization and system implementation. ; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance and regulatory compliance.

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Revenue history for Resources Connection (NASDAQ:RGP)

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